Jet blue wants us now

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07-01-2022 | 10:32 AM

#1891

Bluedriver

The REAL Bluedriver

Joined: Sep 2011

Posts: 6,935

Likes: 0

From: Airbus Capt

Quote:

Originally Posted by LoopsMcDoops

Does NK have to be out of the merger agreement by either it being voted down or by voluntarily pulling out for the tender to go through? Trying to figure out what NKs play is here. Frontier is never gonna match the cash amount of JB. I have the feeling our board painted themselves into a corner.

I don't know about your first question.

If they don't have the votes for Frontier, as they clearly don't, I believe they may and try and stay independent, may try and convince the institutional shareholders that their independent plan is better then JB.

The Spirit BOD/management doesn't want to lose their jobs and big payouts. So they will fight JB right up until the institutional shareholders start to have them removed. If the shareholders never get to the point of trying to remove them, they may very well try and stay independent to save their executive jobs.

Or JB caves in to bigger buyouts.

07-01-2022 | 10:43 AM

#1892

Chimpy

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Joined: Nov 2015

Posts: 1,877

Likes: 199

I find this hysterical

JetBlue is Voted Worst airline 😂

https://www.cnbc.com/amp/2022/02/06/...j-ranking.html

07-01-2022 | 10:52 AM

#1893

Cockpit997

Gets Weekends Off

Joined: Feb 2022

Posts: 385

Likes: 0

From: A320CA

Quote:

Originally Posted by Chimpy

I find this hysterical

JetBlue is Voted Worst airline 😂

https://www.cnbc.com/amp/2022/02/06/...j-ranking.html

Old news bra, we changed our cookies and announcements and we are now back on top. Watch out delta.

07-01-2022 | 10:54 AM

#1894

Chimpy

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Joined: Nov 2015

Posts: 1,877

Likes: 199

Quote:

Originally Posted by Cockpit997

Old news bra, we changed our cookies and announcements and we are now back on top. Watch out delta.

jezuz, my bad, thought it was recent, 😂 it’s from February. My bad, lol

07-01-2022 | 11:00 AM

#1895

Lakeaffect

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Joined: Jan 2015

Posts: 467

Likes: 70

Quote:

Originally Posted by LoopsMcDoops

If B6 gets more than 50% tendered, then they have the majority shares. I don’t think the vote would happen at that point, even if it did it would be against frontier since B6 would have the majority. B6 would own NK. It would be a successful hostile takeover.

07-01-2022 | 11:12 AM

#1896

Roy Biggins

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Joined: Oct 2019

Posts: 1,184

Likes: 34

Quote:

Originally Posted by Lakeaffect

With the large institutional share holders, I don’t even think that’s possible. I thought I read somewhere JB has 12% of shares now….after buying for the past 2 months.

07-01-2022 | 11:20 AM

#1897

Lakeaffect

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Joined: Jan 2015

Posts: 467

Likes: 70

Quote:

Originally Posted by Roy Biggins

With the large institutional share holders, I don’t even think that’s possible. I thought I read somewhere JB has 12% of shares now….after buying for the past 2 months.

I heard that too. Probably not possible. We shall see though. I’m curious to see how BOD comes out and says they’re now in favor of B6 after slinging insults for months. Canceling the vote twice now, it’s getting embarrassing for Ted and gang. He’s loosing credibility and every time he’s on TV he sounds nervous. How do you save face??

I know they say stand alone if F9 doesn’t pass the vote. But, I think it’s clear that shareholders want more money from F9 or they want B6, they are not interested in stand alone with B6 offer on the line. And if F9 doesn’t up it’s offer significantly then Ted and BOD have to accept B6 or risk getting the boot.

Last edited by Lakeaffect; 07-01-2022 at 11:34 AM.

07-01-2022 | 01:05 PM

#1898

ReserveCA

Stirring the pot

Joined: Oct 2016

Posts: 1,617

Likes: 66

From: Off reserve 🤫

Question is…. How much is it worth to Frankie to see JB fail if they don’t acquire NK

07-01-2022 | 01:14 PM

#1899

onedolla

Gets Weekends Off

Joined: Apr 2018

Posts: 418

Likes: 0

Quote:

Originally Posted by ReserveCA

Question is…. How much is it worth to Frankie to see JB fail if they don’t acquire NK

Is B6 closing the doors in the next few years without NK a foregone conclusion floating around at Frontier now?

07-01-2022 | 01:21 PM

#1900

Roy Biggins

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Joined: Oct 2019

Posts: 1,184

Likes: 34

Quote:

Originally Posted by ReserveCA

Question is…. How much is it worth to Frankie to see JB fail if they don’t acquire NK

Thats the difference between your group and ours. We wish you no ill will either way. We have no say or control over this and quite frankly don’t even know if it’s good or bad for us. You guys on the other hand, one after another, come on here and predict JB’s failure blah blah desperate airline that’s going out of business etc etc. Real classy group you guys got ever there.